Professional
Added to YB: 2025-04-11
Pitch date: 2025-04-09
CLMT [bearish]
Calumet, Inc.
-202.37%
current return
Author Info
No bio for this author
Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$2.5B
Pitch Price
$9.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.13
P/E
-66.57
EV/Sales
1.22
Sector
Oil, Gas and Consumable Fuels
Category
N/A
Calumet, Inc. - $CLMT (short)
CLMT short: 8x LTM net leverage, likely to trip ABL covenants. Refi of $355m '26 unsec, $325m '27 unsec, $287m ABL challenging. DoE loan & asset sale proceeds insufficient. MRL sale needed but difficult in current market. Highly dilutive equity raise or optimistic asset sale required to survive.
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